Concord Resources Acquires Equity Interest in Noranda Bauxite and Alumina

Ft. Lauderdale, Florida – October 3, 2018 – Concord Resources Limited (“Concord”) has acquired
a minority equity position in New Day Aluminum Holdings LLC, the ultimate parent company of
Noranda Bauxite and Alumina. Concord’s purchase coincides with New Day’s recent completion
of a $110 million refinancing and the imminent conclusion of two major expansion projects at
the Noranda Alumina facility in Gramercy, LA that will increase the company’s chemical grade
alumina production capacity. In conjunction with Concord’s equity stake, its CEO, Mark Hansen,
has been appointed to New Day’s Board.

Mr. Hansen stated, “We have been working closely as a marketing partner with New Day from
very early on, and are pleased to be able to acquire an equity position in the company. We view
this strategic investment as a terrific opportunity to expand our partnership with a proven
management team executing a strategy we are pleased to be supporting to add value.’’

David D'Addario, Chairman and CEO of New Day and Noranda Bauxite and Alumina, commented,
“We welcome Mark Hansen to our Board, and are pleased that our vision for the future has
attracted significant investment from such a well-respected international player in our industry.
Concord has been a key marketing partner for us since we acquired this business, and its
confidence in our success is manifest in this acquisition of an equity stake in our company.”

About New Day
New Day is the ultimate parent company of Noranda Alumina, Noranda Bauxite and ARC Fused
Alumina. Noranda Alumina, located in Gramercy, Louisiana, produces smelter grade alumina for
the production of aluminum as well as chemical grade alumina which is used in a wide array of
industrial applications. Noranda Bauxite, located in St. Ann, Jamaica, mines and ships bauxite for
metallurgical and non-metallurgical applications globally. ARC Fused Alumina, located in La
Bâthie, France, is a specialty chemical business supplying products to the ceramics, flooring,
abrasives and refractory industries, including white fused alumina, bubble alumina, Abral® and
silicon nitrates. New Day is principally owned by the partners of DADA Holdings, an investment
and management company based in Fort Lauderdale. DADA makes control investments and
manages companies in basic industries, such as metals and mining.

About Concord
Concord Resources Limited is a global resources merchant focused on the supply chain and risk
management of non-ferrous metals and associated raw materials. Founded in 2015, Concord is
headquartered in London and covers markets through its principal offices in New York and
Hong Kong, serving customers worldwide.


Anthony J. Laura

Andrew Reid